Article
Eat The Rich: Sanders And Khanna Introduce Federal Billionaires Tax
Eat The Rich: Sanders And Khanna Introduce Federal Billionaires Tax
Authored by Jonathan Turley,
“Enough is enough.” With those words, Senator Bernie Sanders (I., Vt) launched a push to impose a 5% annual wealth tax on America’s billionaires. With Rep. Ro Khanna (D., Cal.), the legislation, “Make Billionaires Pay Their Fair Share Act,” echoes the growing “eat-the-rich” mantra on the left — seeking to replicate a disastrous push in California that has led to an exodus from that state and an estimated loss of $2 trillion in taxable assets.
It is also flagrantly...
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